Egypt’s Ministry of Industry is offering 2,172 serviced industrial land plots totaling 13.3 million square meters across 22 governorates via the Egypt Industrial Digital Platform. This move aims to enhance local manufacturing and exports. New online services and incentives for investors are also introduced to streamline the application process and encourage investment.
Egypt’s Ministry of Industry and Transport has unveiled plans to offer 13.3 million square meters of serviced industrial land through the Egypt Industrial Digital Platform. This initiative includes 2,172 plots distributed across 22 governorates, aimed at promoting industrial projects, enhancing local manufacturing capabilities, and increasing exports.
Kamel El-Wazir, Vice Prime Minister for Industrial Development and Minister of Industry and Transport, announced that this land offering aligns with the second phase launch of the Egypt Industrial Digital Platform. This phase will add three new online services—building permits, land suitability reports, and industrial registry services—totaling six services and incorporating an integrated online payment system.
To address the growing demand for industrial land investment, new plots will be released every three months, ensuring transparent and efficient allocation. The available plots vary in size from 200 to 500,000 square meters, accommodating small, medium, and large scale investors in industries such as food, pharmaceuticals, and textiles, promoting balanced geographic development across Egypt.
Investors can apply for two plot options—one main and one alternative—to improve their chances of securing land. Applications must be submitted through the Egypt Industrial Digital Platform, with registration set to open for one week starting March 1, 2025. A specialized industrial land map will facilitate access to the “Land Allocation” section of the platform.
The plots are available for ownership or usufruct at prices below market rates, with a 5% annual usufruct fee based on the freehold price per square meter. Priority will be given to previous applicants who did not secure a plot but kept their deposits.
The Industrial Development Authority offers incentives to encourage investment, including a 50% reduction in application fees, exemption from bid submission fees, and simplified requirements for feasibility studies. The deposit needed to reserve a plot has also been decreased to 10% of the land price.
The first phase of the Egypt Industrial Digital Platform commenced in September 2024, providing various services including license issuance and industrial land allocation. This second phase enhances the investment process for industrial developers, aiming to maximize economic growth.
Egypt is making significant strides in industrial development by offering a substantial amount of serviced land for industrial use. This initiative, facilitated through a digital platform, aims to attract investments and streamline the land allocation process. With various incentives in place, the government is actively promoting the growth of diverse industries across multiple governorates.
Original Source: www.dailynewsegypt.com
